StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

FCA US profits declared

by David Zatz on

The former Chrysler Group, now FCA US LLC, reported adjusted net income of $2.4 billion for the full year 2014, up 31% from a year ago. Net income, after “unfavorable infrequent items” including the purchase of the rest of Chrysler, was $1.2 billion.

Net income for 2013 was $2.8 billion, including a net favorable effect from infrequent items, including $962 million in “release of valuation allowances on deferred tax assets.”

FCA-Chrysler-Hilite-Web

Net revenue grew by 15% to $83.1 billion, modified operating profit rose 10% to $3.5 billion, and free cash flow for the year rose from $2.1 billion in 2013 to $3.3 billion in 2014.  The company ended up with $1.8 billion in net industrial cash at the end of the year, nearly double the amount from the end of 2013.

Overall, the former Chrysler Group shipped 2.6 million vehicles in 2013 and 2.9 million in 2014, a 12% increase; worldwide sales were 2.8 million sales, up 15%.

Market share in the US rose from 11.4% to 12.4%, while market share in Canada rose from 14.6% to 15.4%.  Some of this was due to a shortage in F-150 pickups at Ford, as well as full production of the “KL” Cherokee.

More information is due during a press conference starting in around ten minutes.


New dates for Mopar show at the Packard Proving Grounds

Sources: a new 2022 Dakota really is coming, but maybe not the Challenger ACR

New Jeep book delves into Wagoneer, Gladiator, Comanche, and Scrambler

More Mopar Car
and Truck News

Some popular Allpar pages





Dodge Demon

2018 Wrangler JL



Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © VerticalScope Inc. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.